Universal Forest Products CEO Matthew Missad's 2019 pay jumps 31% to $4.9M
Universal Forest Products reports 2019 executive compensation
By ExecPay News
Published: March 12, 2020
Universal Forest Products reported fiscal year 2019 executive compensation information on March 12, 2020.
In 2019, five executives at Universal Forest Products received on average a compensation package of $3.1M, a 32% increase compared to previous year.
Average pay of disclosed executives at Universal Forest Products
Matthew J. Missad, Chief Executive Officer, received $4.9M in total, which increased by 31% compared to 2018. 51% of Missad's compensation, or $2.5M, was in stock awards. Missad also received $1.6M in non-equity incentive plan, $793K in salary, as well as $34K in other compensation.
Patrick M. Webster, Chief Operating Officer, received a compensation package of $3.7M, which increased by 34% compared to previous year. 61% of the compensation package, or $2.3M, was in stock awards.
Allen T. Peters, President, UFP Retail, LLC, earned $2.4M in 2019, a 20% increase compared to previous year.
Michael R. Cole, Chief Financial Officer, received $2.2M in 2019, which increases by 29% compared to 2018.
Patrick M. Benton, President, UFP Construction, LLC, earned $2.1M in 2019, a 51% increase compared to previous year.
Universal Forest Products' fiscal year ends on December 28.
Related executives
Matthew Missad
Universal Forest Products
Chief Executive Officer
Michael Cole
Universal Forest Products
Chief Financial Officer
Patrick Webster
Universal Forest Products
Chief Operating Officer
Patrick Benton
Universal Forest Products
President, UFP Construction, LLC
Allen Peters
Universal Forest Products
President, UFP Retail, LLC
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Source: SEC filing on March 12, 2020.